KYC DOCUMENTS - Non Individuals

Accounts of Proprietary concerns

Proof of the name, address and activity of the concern

  • Registration certificate (in the case of a registered concern).

  • Certificate/licence issued by the Municipal authorities under Shop & Establishment Act.

  • Sales and income tax returns

  • CST/VAT certificate·

  • Certificate /registration document issued by Sales Tax/Service Tax/Professional Tax authorities.·

  • Licence issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, registration /licensing document issued in the name of the proprietary concern by the Central Government or State Government Authority/ Department, etc.

  • Banks may also accept IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT as an identity document for opening of the bank account etc.

  • The complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/ acknowledged by the Income Tax Authorities.

  • Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.

Any two of the above documents would suffice. These documents should be in the name of the proprietary concern.

PLUS

ID and address proof of the proprietor

Accounts of partnership firms
  • Registration certificate

  • Partnership deed

  • An officially valid document in respect of the person holding a power of attorney to transact on its behalf

PLUS

Proof of identity & address of all the partners / beneficial owners - natural persons if beneficial owners are non individuals (owning 15% capital or entitled for 15% profits)

Accounts of companies
  • Certificate of incorporation

  • Memorandum & Articles of Association

  • A resolution from the Board of Directors and power of attorney granted to its managers, officers or employees to transact on its behalf; and

  • An officially valid document in respect of managers, officers or employees holding an attorney to transact on its behalf

PLUS

Proof of identity & address of all the beneficial owners (natural persons if beneficial owners are non individuals) ( owning 25% share or capital or entitled for 25% profits in case of company which is not listed in a Stock Exchange (Submission of Proof of identity & address by beneficial owners of a company listed in stock exchange or is a company majority owned one by such listed company is not warranted)

Accounts of trusts & foundations
  • Certificate of registration;

  • Trust Deed; and

  • An officially valid document in respect of the person holding a power of attorney to transact on its behalf

PLUS

Proof of identity and address of persons like trustees, executors, administrators etc.
( beneficial owners - natural persons)

Accounts of Unincorporated association or body of individuals
  • (i) Resolution of the managing body of such association or body of individuals;

  • Power of attorney granted to him to transact on its behalf;

  • An officially valid document in respect of the person holding an attorney to transact on its behalf; and

  • Such information as may be required by the bank to collectively establish the legal existence of such an association or body of individuals

Hindu Undivided Family (HUF)
  • Declaration from the Karta.

  • Proof of Identification of Karta.

  • Prescribed Joint Hindu FamilyLetter signed by all the adult coparceners

  • Identity of the adult coparceners